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Gold prices traded marginally higher on Tuesday while investors awaited the release of the November consumer-price index, a closely watched inflation gauge.
Metals prices
-
February gold
GC00,
+2.09%
GCG23,
+2.09%
gained $7.50, or 0.4%, to $1,799.70 per ounce on Comex. -
March silver
SI00,
+4.07%
SIH23,
+4.07%
advanced 22 cents, or 0.9%, to $23.62 per ounce. -
Palladium for March
PAH23,
+3.71%
delivery advanced $33.40, or 1.8%, to $1,917 per ounce, while platinum for January delivery
PLF23,
+4.45%
advanced $17, or 1.7%, to $1,025 per ounce. -
March copper
HGH23,
+3.24%
rose 5 cents, or 1.3%, to $3.85 per pound.
What’s happening
Financial markets could be volatile on Tuesday as the November consumer-price index is due out at 8:30 a.m. Eastern Time.
“Gold remains in consolidation ahead of the CPI data. Last month’s release helped drive gold prices higher on the back of a promising Fed statement and jobs report,” said Craig Erlam, senior market analyst at OANDA.
